Case Study: an ASX-listed company streamlines finance and IT and gains $2M working capital with Robert Half

ASX-listed Company streamlines finance and IT with Robert Half to gain $2M working capital in 6 months

The customer, an ASX-listed company, faced a significant challenge after acquiring a business out of administration. They needed to complete a full financial transformation to address negative bank covenants, update years of overdue tax audits, and standardize processes across multiple newly acquired entities, all while managing customer loan defaults exacerbated by the COVID-19 pandemic. They engaged Robert Half for their finance and accounting recruitment services to address these urgent resourcing needs.

Robert Half implemented a comprehensive recruitment solution, successfully placing a new CFO, accountants, analysts, and a program manager within very short timeframes, some within just one week. They also rapidly deployed eight contract credit and collections specialists for a hardship project. As a result, the company brought all tax and covenant reporting up to date within 12 months, standardized processes across the organization, and gained a better understanding of its credit risk. This led to a successful restructure of their banking facilities and a measurable $2M working capital gain within six months.